Alternatives for increasing retirement savings in the U.S
Article Abstract:
Tax policy and excessive baby boomer lifestyles may be responsible for the decline in savings. Tax policy has limited IRA accounts and promoted the use of debt, although the policies should be aimed at increasing retirement savings. Congress is considering incentives for personal savings but is hampered by the size of the federal deficit. Employees should take advantage of 401(k) plans and increase contributions to IRAs. Several plans to encourage savings are presented, including changing the income tax system to a retail sales tax.
Publication Name: Journal of the American Society of CLU & ChFC
Subject: Law
ISSN: 1052-2875
Year: 1995
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Life insurance distribution: the future is not what it used to be
Article Abstract:
Life insurance policy sales are dropping and annuity sales are rising while the number of insurance agents is also dropping. The life insurance market is undergoing a change in distribution, with banks, mutual fund companies and online services likely to become the main distribution channels for life insurance. Insurance agents and companies need to recognize and adapt to these changes before the market leaves them behind.
Publication Name: Journal of the American Society of CLU & ChFC
Subject: Law
ISSN: 1052-2875
Year: 1996
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Life insurance firms in the retirement market: is the news all bad?
Article Abstract:
The life insurance industry's future may depend upon its entering the growing retirement assets market to supplement the dwindling market in annuities. Forecasts based upon statistical data for individual annuities or as part of employee defined benefit and contribution plans, 401(k) plans, and IRAs demonstrate that the industry is losing ground in relative terms.
Publication Name: Journal of the American Society of CLU & ChFC
Subject: Law
ISSN: 1052-2875
Year: 1998
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